Income Lab raises $1.25M for retirement-planning software
What's the deal? Income LabDealroom has a profile for this one. Try Dealroom →, a Golden, Colorado-based maker of financial planning software for advisors, has raised $1.25 million from two investors, according to an SEC filing dated October 21. The amount is part of a larger $2.5 million offering.
What's the endgame? Founded in 2018, Income Lab helps advisors model retirement income, taxes, account withdrawals, and Social Security decisions. Its platform also supports annuity planning and cash value life insurance.
Why now? The company has pushed into AI. Its tools turn existing documents, meeting transcripts, and client questionnaires into draft plans for advisor review, and its Pro tier includes Penny, an AI paraplanner launched in April 2026.
What could go wrong? Income Lab is competing in a niche drawing bigger players. In 2026, T. Rowe Price-backed Income SolverDealroom has a profile for this one. Try Dealroom → entered the retirement-income market with deeper resources, pressuring smaller specialists.
The raise is modest by venture standards, landing in the bottom quartile for round size. To expand reach, the company added distribution in September 2026 through a partnership making its platform available to the XYPNDealroom has a profile for this one. Try Dealroom → advisor network.
The signal: Retirement-income planning is becoming a strategic battleground as advisors seek AI tools to automate plan-building. Income Lab's smaller top-up suggests specialists are raising lean capital to defend their turf against well-funded entrants.
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